Description
This book brings together leading experts from the fields of evolutionary and ecological economics to demonstrate how a genuinely dynamic and systemic approach to economics is needed to both understand and promote the process of structural change towards sustainability; and to show how such an approach can be founded on institutional and evolutionary economic theories of endogenous change. Evolutionary and institutional economists have long argued that a market-centred and static approach a ” precisely because of its analytical limits a ” is inappropriate to represent change at a societal level. Actually, all large innovations processes depend on the interaction between endogenous structural variables (rules, beliefs, knowledge, markets, and so forth) and intentional human action. Hence, a dynamic and systemic approach is needed to analyze sustainability as much as any social, physical or natural phenomenon.
